Sumitomo Mitsui to Support Vietnam Hydro Project With Loans

The Nikkei newspaper reported that Sumitomo Mitsui Financial Group Inc. will provide 4.2 billion yen in loans for a Vietnamese hydroelectric power plant。

The Japanese bank will provide the loans with the government-backed Nippon Export and Investment Insurance, the Nikkei said. The loans will be made to an unnamed Vietnamese company, according to the report.